Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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SatoshiPay have finally updated their roadmap, hurrah.
Typically, they have missed milestones and kicked them into the next quarter, with absolutely no acknowledgement.
Nabla Forex AMM Launch, and Spacewalk Pendulum Launch have both silently slipped into Q4. and they've padded out Q3 with new fluff because they missed all but one of the original milestones.
They're nothing if not consistent
This is the how the roadmap looked last month, before they deployed some creative writers to dressup failure as success:
https://web.archive.org/web/20231020070947/https://pendulumchain.org/
Satoshipay have got 9 milestones on their ‘new’ Q4 2024 roadmap
Given that the last two weeks of December are usually quieter business periods due to festive holidays, we are well past the business halfway mark of Q4.
You’d think they would have hit perhaps 5 or 6 of their milestones.
They’ve hit 0/9…
On track for another calamity quarter
I will certainly be checking to see if the Satoshipay goons do anything over the Christmas break, as it’s a good opportunity to bury bad news…. & their accounts have not been submitted yet
Come on Benchmark… find a buyer for a reasonable price and get shot of this ASAP
& So much for Daniel Masters being the silver bullet for Satoshipay…
I’m going to write all his substantive achievements for Satoshipay below;
@slug
i think your satoshi bashing maybe goes a little too far , though i understand your frustration.
Satoshipay have some great products, the FX Nabla is / could be incredible, however they need to be launched to produce revenue, for far too long Spay have been interested in the tech not the business, they need revenue and have been told so.
i think an investment bank, payment company would soon whip these guys into shape, lets see them miss a milestone then.
Satoshipay alone have to be worth more than 0.1 to BLU, so do Dynasty.
its been a long long road with this serial underachiever, i would not be averse to getting a valuation on both and being rid of the BLU ticker in my portfolio once and for all.
there is lots of blame to go around, everything Satoshipay, Dynasty arguably misleading investors/poor newsflow, delays, TF issues, Del Boy Issues.
such are financial markets.
anywhere between 0.3 and 0.4 , 0.4 is only £20m market cap, many had expected Spay to worth this to BLU alone. not going to be so.
communications and progress have been incredibly bad this Year, that's on TF. he should have pushed the companies harder, he sold all of his stock in the rally of 21/22 thus one could question , does he have the owners eye?
misleading info from Dynasty in 2021, that they "anticipated floating on ASX within 12 months and had no need to raise further funds", 2 years on , with zero from them this Year. obviously they have not floated, we don't know why or what the next plan is.
all i can say on a positive side, is that the cumulative value of Dynasty and Spay are worth multiples of where we are now.
if neither company wishes or wish to delay valuation then sell our holding to their competitors (if they want it, this is the sharper end of business, but we are only interested in BLU value, who gives a damn about what Spay or Dynasty think), that will focus both Spay and Dynasty.
if TF cant do it, give Benchmark Dynasty holding to too ... time to focus on BLU returns.
TF under massive pressure here, time for him to deliver something after all this time, he is not salaried, however he made coin from his shares and will benefit from exercise of warrants at 0.35 +
time to get all assets valued , sold and returned to shareholders. the merry go round has to stop.
message ends ------
The thing is… how can anyone not be disappointed with Satoshipay and Tony
It was Tony who updated the market in September 2022 via RNS pledging Satoshipay would save our bacon in 12-18 months time
We are now 14 months in & nothing substantive has happened
Yes there’s still 4 months for them to turn things around but when Satoshipays delayed roadmap is overlaid onto Tony’s bluprint…. the stars simply do not align
Selling Satoshipay to the highest bidder is the best option
Slug Mum it did make me laugh again on twitter, Pendulum still talking about their 'Global Tour'... lol
Lisbon was Nov 13-16 and apparrently they had a great time in Rio too, happy days indeed!! haha.
They should nick The Navy's tagline... 'Join Pendulum - See the World!'
Yea haha
Or
How about this tagline
“Join Pendulum - where we instantly reward you with trips around the world BEFORE we get any business deals done or make any substantive money”
I notice that the updated roadmap has a Lending dApp launch listed for Q4 23 - This would indicate that there is a dApp currently in development building on the Pendulum platform that is not in the public domain yet. Could be interesting.
According to Global Market Insights, the market for digital lending platforms surpassed $8.5 billion USD in 2022. Its compound annual growth is expected to hit 20.5% from 2023 to 2032.
Slug - as a matter of interest how would you go about breaking into a new market place without actually exhibiting and making a presence in the target marketplace ?
22 Sep 2020 08:30
RNS Number : 6534Z
Blue Star Capital plc
22 September 2020
22 September 2020
“To date, DTransfer has connected its payment platform to banking networks in Europe, US, Mexico, Nigeria and Tanzania and has signed up its first client, a European business operating in the microfinance industry in sub-Saharan Africa. DTransfer is in the process of connecting further local banking networks in Europe, Asia and the Americas.”
And
15 Dec 2020 09:08
RNS Number : 6909I
Blue Star Capital plc
15 December 2020
Meinhard Benn, CEO of SatoshiPay commented, "We are very pleased with progress made in 2020, particularly in the B2B cross-border money transfer space by launching our new service DTransfer. We are seeing strong market interest and have signed 11 business clients from around the world, expecting to transfer over £70m annually using DTransfer. This is just the start, as new clients are being added every month. It feels like we have created a hit product and we will endeavour to build recurring revenues in 2021."
They basically said they already had a foot in the door
That turned out to be a load of nonsense
Any opportunity to fritter other peoples money. They will never change their business habits. It’s like the business is ran by juveniles
Jam tomorrow . Always.
Yet another week down the Swanee at Satoshipay
I'm getting some jam tomorrow. Strawberry, my fave 😁
Personally, I invested here for Dynasty. Satoshipay was and still is a freebie. Even at these prices, the stock is undervalued, as Dynasty at the last valuation is worth more than todays price. With the developments its got to be worth even more now.
I'm open minded about Satoshipay. If anyone invested here just for Satoshipay, you may as well have bought lottery tickets instead. Dynasty is where the money is. But hey... You never know, Satoshipay may well surprise us. If not, hey ho...
Personally I'm loving all this selling, as I'm buying up many of those shares. Keep up the good work, derampers and sellers!
It’s ok having a laugh and a joke about jam tomorrow, but this is what you and I are invested in
Fair enough if you think of Satoshipay as a brucey bonus - I wish I saw it the same way, however I first invested in BLU when Dynasty didn’t exist. All we had at the time was Satoshipay.
All I’m waiting for now is Satoshipays accounts
If they have genuinely made a profit on the back of their consistent annual losses, then I will eat my own hat.
If they made a loss, then that cements in for me that Tony F doesn’t know his business and with that he needs to sling his hook
It’s that simple
A binary outcome
Which one will it be? (For the record Satoshipay lost 3.4 mil in 2021). There is nothing to suggest that their business fundamentally step changed in 2022 for them to be bursting at the seams with profit but we will see!
@slug
a company does not have to be profitable for it to be valuable. amazon (yes i know, compare apples with apples...lol!!!!)
it is still my belief that satoshipay is valuable for its ip and its infrastructure and business relationships.
they are never going to win any project management awards or "meeting of timeline" awards
however, they have created the bridge between stellar and polkadot / fiat , this is valuable.
they do have dtransfer , this is valuable (though invisible at present)
the lending d'app , which ragnarr, has mentioned, i have heard others mention too, could be very valuable
there are a few items that forward looking institutions / payment providers will look at when running the rule over satoshipay and pay handsomely for it , in order not to have to reinvent the wheel, an i dont doubt they could be sharper to market than satoshi pay / pendulum (lets face it who couldn't be sharper to market)
tf has always stated that satoshipay are hard to value, they should not have been hard to give a kick up the **** to though, this year has been unforgeable for both dynasty and satoshipay newsflow, its a disgrace and tf knows it (believe me)
we must have dynasty news soon,
dynasty + satoshipay must ,ev en at most extreme pessimism be worth , cumulatively, 0.2 , so blu market cap £10m
as to an optimistic valuation..... well blue star and optimism is now purely an oxymoron, there is no reason to have optimism any longer.
with regards the investees dynasty and satoshipay
get them valued
get them sold
get proceeds returned to long suffering shareholders
no more shenanigans with any corporate garbage, i've got much better places to put my blue star proceeds now, but no way at 0.1.
get it sorted tf.
ARGENTINA'S BITCOIN FRIENDLY PRESIDENTIAL CANDIDATE JAVIER MILEI WINS ELECTION
https://bitcoinmagazine.com/markets/argentinas-bitcoin-friendly-presidential-candidate-javier-milei-wins-election
The current crypto space reminds me of a comment made by Western Union in 1879
“ This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.”
;-))
@ragnarr
lots of tech has that history, see your point though.
in 2000 many analysts could not see how SMS/text messaging could or would make revenue.
we all know it made huge revenue
our crypto interests here are $PEN which shows just how bad crypto can be.
on the plus side, it is actually trading, Satoshipay/Pendulum have monetised something. albeit not quite as we hoped.
The thing is: solar wallet was meant to be valuable, no one at all uses it. Same with their other hit products
Ragnarr previously mentioned about a crypto bull market improving things here - why should a crypto bull market have to do the heavy lifting ? Satoshipay should be producing a result themselves.
To my mind the only tangible success they have on the board is their PEN listing
A reminder:
https://www.voxmarkets.co.uk/articles/blue-star-satoshipay-s-pendulum-launches-spacewalk-blockchain-bridge-8b758c0/
Taken from the article
"As of September 2022, SatoshiPay was fully funded for another year. It was profitable in FY21" please take note of that last sentence.
If Satoshipay were profitable in 2021, why in the recent RNS from 15/11/23 does it state that Satoshipay would benefit from an investor who is ‘better equipped financially’?
I smell a rat
Not sure if I have seen this previously -
https://www.capacitymedia.com/article/2atvad3vwws0j2xkbhukg/news/pioneer-to-develop-web3-games-for-indosat-ooredoo-hutchison
No wonder its from 2022 . . . Doh !!! sorry guys . . lol
East Africa's Digital Dawn: ClickPesa Debt Fund and Pendulum enter into funding and technology partnership for Tanzania's Microfinance Evolution
https://finance.yahoo.com/news/east-africas-digital-dawn-clickpesa-120000480.html?guccounter=1&guce_referrer=aHR0cHM6Ly90LmNvLw&guce_referrer_sig=AQAAANjyZzpsq5jMLgZbqrR-KtZW7xrFJAODw7oPSBqSQHE5NJsifBWJyyjUGoXFBNp-9PkaavYR6mB2mBF_wcC8LELQz2D1WG3E3XX-JRHOpIFq32-od2wfY3yAaZydWaSfmUq_ARJLUkSQp8HShZhcAJ1Pw3pEsKIJhxbQGbNV5vvQ
Good read that Ragnarr ! Thanks again, finally something of interest from them.